News Corp. executive Dr. Jack Q. Gao has joined the board of directors of Bona Film Group Limited, a Chinese film company, Bona announced on Thursday.
News Corp., where Gao is an SVP and CEO of its Chinese investments, acquired a 19.9 percent equity stake in Bona in May. Gao will join Bona’s board Sept. 10, replacing Nansun Shi, who will resign but continue in an advisory role.
"As head of News Corporation's investments in China, Jack played an important role in their recent strategic investment in Bona, and we are pleased that he has agreed to take a more active role in the company by joining our Board,” Yu Doong, founder, chairman and CEO of Bona. “He has a wealth of China and international experience with global leaders in media and entertainment and a range of other industries, and his appointment will significantly strengthen our Board of Directors.”
Bona distributes films to China, Korea, Southeast Asia, Europe and the United States. It is also a film investor, production company, management company and exhibitor. It owns and operates 14 theaters.
According to a June report in the Wall Street Journal, Bona has had talks with four major Hollywood studios about co-producing films for international distribution.
"I am honored to join Bona's Board of Directors at this important stage in the Company's development.” Gao said in a statement. “Bona's vertically integrated business model has produced a number of advantages over other Chinese film distributors, and has the Company well positioned as a leader in China's fast-growing film industry.”
Prior to joining News Corp., Gao worked at both Autodesk and Microsoft.